HSBC Holdings plc Sponsored ADR (HSBC)
HSBC downgrades U.S. stocks, sees ‘better opportunities elsewhere'
HSBC on Monday downgraded U.S. equities, citing uncertainty around tariffs, while turned bullish on European stocks following boost from Germany loosening its fiscal reforms.
U.S. equities will remain challenged in the near-term, says HSBC's Max Kettner
Max Kettner, HSBC chief multi-asset strategist, joins 'Money Movers' to discuss his outlook for the global economy, what could help equities move higher, and much more.
HSBC double-upgrades Europe stocks as it lowers U.S. rating to neutral
The year has started with a big rally for European stocks as the U.S. market struggles to remain above water. Now, HSBC strategists are changing their tune.
Exclusive: Canada's RBC lays off some employees related to HSBC acquisition, sources say
Canada's largest lender Royal Bank of Canada laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC's domestic business last year, two sources with direct knowledge of the layoffs told Reuters. Some of the layoffs were at the technology and operations teams and began earlier this week, the sources said, requesting anonymity.
HSBC kicks off search for new UK CEO
HSBC has kicked off a process to find a new CEO for its UK business after appointing Ian Stuart in charge of customer engagement and culture, the bank said on Tuesday.
Ex-HSBC CEO Noel Quinn close to be named Julius Baer chairman, Bloomberg News reports
Julius Baer Group is set to name ex-HSBC Holdings chief executive Noel Quinn as its next chairman, Bloomberg News reported on Friday citing people familiar with the matter.
Latest market sell-off influenced by AI, Nvidia, and tariff concerns: HSBC
Max Kettner, HSBC's chief multi-asset strategist, discusses the latest market sell-off after Nvidia shares plummeted following quarterly earnings.
Not Just China: 3 European Stocks Gaining Investor Interest
American investors are feeling the impact of tariff threats, as hedge funds funnel money away from domestic tech to international competitors. However, it isn't just Chinese competitors who are benefiting from the inflationary and tariff squeeze concerns facing the United States—investors are also taking a renewed interest in top European stocks.
Exclusive: HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its expansion plans in that country.
HSBC: Resilient Profitability Supports A Premium Multiple
HSBC has been a strong performer recently, with multiple expansion powering a ~60% return over the past 12 months. Excluding notable items, HSBC delivered a mid-teens return on tangible equity last quarter. Guidance sees only modest slippage from that through 2027, better than the market expected. These shares trade for roughly 1.3x tangible net asset value, which is justified by its earnings quality.
HSBC begins axing investment banking jobs in London
Job cuts at HSBC Holdings PLC (LSE:HSBA) have been extended to its investment bank functions in London, according to reports. The bank is axing "hundreds" of jobs in London and other European financial centres as part of chief executive Georges Elhedery's streamlining plans, Financial News website reported, citing insiders.
HSBC says Trump tariffs carry more risks for its clients than for the bank
Michael Roberts, HSBC's CEO of corporate and institutional banking, says it's up to the bank to think through the risks for its clients.
